Wal-Mart ‘Gaining Momentum’ While Target Still Struggles

By

Amey Stone

Oct. 4, 2016 3:55 p.m. ET

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By

Amey Stone

Oct. 4, 2016 3:55 p.m. ET

Wal-Mart Stores (WMT) is adapting better and faster to a changing retail landscape than arch rival Target (TGT), which is still plagued by missteps, finds Moody's Investors Service in a new report Tuesday.

Analyst Charles O'Shea writes:

While we think it’s still early yet, we believe that Walmart’s big upfront spend to grow online, among other steps in recent months, is showing early signs of promise. Target, in contrast, has...